GBPUSD - Potential Bullish Butterfly Pattern on H1 Chart
Updated
Hi guys, it's been quite a while.
A potential bullish butterfly pattern might be forming on H1 Chart.
RSI is on it's way to oversold level.
R:R at 2.4 (TP1) and 3.6 (TP2). Good luck.
A potential bullish butterfly pattern might be forming on H1 Chart.
RSI is on it's way to oversold level.
R:R at 2.4 (TP1) and 3.6 (TP2). Good luck.
Note
Price is still respecting PRZ based on hour candles closed.However, no retracement sighted yet, price is still dropping slightly.
Do trade with caution as the GBP bank rate result is releasing in 2 hours.
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